from King World News
Stocks are surging as we kickoff the month of November, but this sector may see the next big move.
November 2 (King World News) – Peter Boockvar: The S&P futures got their lift around 3:45am est when European markets rallied and if Europe is rallying in the face of the shutdowns, that was a green light for the US. I’m hopeful that while the winter will be tough, we are at the beginning of the end of this virus dominating our lives because of the vaccine news we have coming this month and the ones to follow. If the case, the 2020 market laggards like commodity companies, leisure/hospitality and banks will be the 2021 market winners and vice versa. Valuations don’t just matter when something gets too expensive but when they get too cheap also.